Dean Thompson
Toll Free:888-829-7205

Comox Valley Real Estate Statistics

Comox Valley Real Estate - October 2022

The balanced market conditions continued thru September.  Inventory levels continue to grow while sales are trending back to what they were before COVID shutdowns.  

Current Statistics:

  • The average sale price of a detached home in September 2022 was $828,362; this is almost identical (0.33% decrease) to one year ago.
  • Detached home listings were up 27% (103 listings) compared to end of September 2021 (81  listings). 
  • Detached home sales were down 29% in September 2022 (49 listings sold) compared with a year ago (69 listings sold).
  • It takes an average of 44 days for a detached home to sell - homes are now selling 57% slower than a year ago (28 days).

For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 


          Bank of Canada raises interest rates....again 

          On September 7, 2022 the BOC raised the benchmark interest rate by 0.75% as they aggressively work to curb inflation. The benchmark interest rate has now increased 3% in 2022!  Anyone with a variable rate mortgage will now be paying more, those seeking new mortgages will now qualify for less than previously.

          For more information, click link:   


          MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.